CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
crypto.news 2025-02-18 18:03:55

MARA finishes acquisition of Texas wind farm for Bitcoin mining

MARA Holdings, Inc. has completed its acquisition of a wind farm in Hansford County, Texas. The wind farm has 240 megawatts of interconnection capacity and 114 MW of wind power. The newly acquired site will use repurposed ASIC mining hardware that would have otherwise been retired or sold. By powering the machines with 100% renewable energy, MARA aims to reduce operational costs while preventing excess energy from being curtailed. The facility’s wind power comes with zero marginal cost, helping the company improve Bitcoin ( BTC ) production efficiency. You might also like: Users report six-figure losses in Cardex exploit on Abstract Chain “With this added renewable energy asset, MARA now owns and operates 136 megawatts of generating capacity, strengthening our position across the entire energy generation and bitcoin mining process,” said Fred Thiel, MARA’s chairman and CEO. MARA expects the move to extend the lifespan of its ASIC miners and drive down costs as it integrates renewable energy into its mining operations. The company is working toward near-net-zero operating costs while demonstrating its commitment to environmental stewardship. The Texas wind farm acquisition aligns with MARA’s broader strategy to vertically integrate its operations, leveraging renewable resources to enhance profitability and sustainability in the bitcoin mining process. You might also like: ‘AI will accelerate blockchain adoption:’ Interview with Pantera Capital’s Cosmo Jiang

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.